Katy Perry Discusses Her Divorce And Starting A Record Label In ‘THR’ Cover Story

Katy Perry hopes her fans see another side of her larger-than-life personality in her in her big-screen 3-D movieKaty Perry: Part Of Me(out July 5) even if it means sharing her most painful, private moments.

“What was going on in my personal life was so overwhelming that I had to bend over to let those tears fall straight out of my eye sockets and not my false lashes just as I’m about to go up on that ramp and sing ‘Teenage Dream,’ ” she tells The Hollywood Reporterabout dealing with the fallout of her relationship with Russell Brand while on the road. “I had to smack myself across the face and say, ‘These problems are my problems, they are not my audience’s problems, learn to separate that.'”

She chose to include scenes of herself crying while having a meltdown in her movie because that’s what she was going through at the time. “Like how I write my songs, honesty has always worked for me,” she says. “So if it ain’t broke, why f—ing fix it?”

When asked if she still believes in the type of true love she sings about in her songs, Katy replies that she does. “I still believe in love and marriage. I’ve just learned lessons along the way. I regret nothing.”

There’s a lot riding on Part Of Me, Katy’s first concert documentary, as the “Wide Awake” singer laid out $2 million of her own money to finance the film. “My frugal business manager [Bernie Gudvi of GSO Business Management], God bless him, was sweating,” recalls Perry. “And I was like, ‘Please trust me.’ That’s kind of been the mantra I’ve said to everyone my whole life: ‘Trust me, I have a vision.’ “

But conquering the big-screen isn’t the only new project for Katy — she’s also been developing her own music label. “I’m preparing for it now,” she reveals. “And when this record label does come to fruition, I’m going to try and avoid the things that take away any fighting chance for an artist to have financial success. As people are coming to me with opportunities, I’m thinking, ‘How would I want to be treated?'”

Check out all her gorgeous pics from her cover story photo shoot over at THR.